How much coverage do I need?

Final expenses are the expenses your family pays for your burial or cremation, and for other things you might want at that time, like a gathering to celebrate your life. Although thinking about final expenses can be hard, knowing what they cost and making sure you have a life insurance policy big enough to cover…
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Making Final Expense coverage make sense.

People who buy life insurance are generally looking to cover the years when their families depend on them for financial support. That often means shopping for life insurance when you get married or have children, milestones that typically occur in your 20s, 30s and 40s. But sometimes, certain types of life insurance make sense for seniors in…
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Don’t choose a policy by price alone!

Recently, I had the opportunity to meet with a 79 year-old male to discuss his interest in getting a Final Expense policy. He was extraordinarily healthy for his age, was a non-smoker and was on very few medications. He had another quote from an “online” company for about $25 per month less than the quote…
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What is a Return of Premium Rider on a Term Policy?

Return of premium life insurance is a type of term life insurance, meaning it’s a policy that lasts a set period of time and then expires. Unlike other forms of term life insurance, however, return of premium offers opportunity to receive your money back at the end of the term. Here is how it works:…
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What is a Term Life Policy?

Term life insurance is a policy that offers coverage for a specified period of time, the term, and should you pass away during that term, a payout is made to the policy’s beneficiary. The benefit of Term life insurance policies is that they can be structured to fit your financial situation, as you can customize…
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Permanent life insurance: What you need to know

Life Insurance offers peace of mind that your family will be cared for after you die. Permanent life insurance, such as whole life, guarantees that they’ll be taken care of if the unthinkable happens. There are many reasons that people buy life insurance. They purchase coverage to cover final expenses, such as funeral and burial.…
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What Should You Know About Simplified Issue Life Insurance?

Simplified-issue term life insurance has a very simple premise: no medical exam and an application with very few questions that’s quick and easy to answer. Even simplified policies require you to answer “knockout” questions, such as whether you’re in a wheelchair, have a disability or have been diagnosed with a serious disease such as cancer or diabetes.…
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What is a Simplified Issue Policy?

“Simplified issue” means you answer a few questions about your medical history for the life insurance application, rather than undergoing a medical exam. “Guaranteed issue” means you don’t have to answer any medical questions or go through a medical exam. You qualify for coverage, regardless of your health. Simplified issue and guaranteed issue life insurance…
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What is Final Expense Insurance?

Final Expense Insurance is a permanent, whole life policy. The payments you make on the policy will never go up and the face amount – or death benefit will never go down. You can obtain these policies to cover your final expenses or bills after you pass. It is a very popular way for individuals…
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